"with local theater producer Carole Shorenstein Hays opting to sell after renovating the theater in the last decade to become a venue for envelope-pushing work. The SF Business Times reports that the 1,667-seat theater sold to the Giants for $13.66 million, after being on the market for more than a year. And the publication notes that this figure is "half the average annual salary of the team's star shortstop, Willy Adames.""
"Records show that she purchased the then-pretty-musty theater outright from former business partners in 2010 for $16.6 million, and sunk untold millions into its renovation a renovation that took nearly seven years, and reportedly included a basement level that was hand-excavated with shovels in order to create new, modern bathroom facilities. As Shorenstein Hays's husband, Dr. Jeffrey Hays, told the Chronicle in 2016, "The Curran is a second family home, and it means much more to us than a commercial venture.""
The Curran Theatre, a 1,667-seat venue, sold to the San Francisco Giants for $13.66 million after more than a year on the market. Carole Shorenstein Hays purchased the theater in 2010 for $16.6 million and invested untold millions across nearly seven years of renovations, including a hand-excavated basement to add modern bathroom facilities. Shorenstein Hays treated the Curran as a second family home and a gift to the arts community. The sale represents a substantial financial loss for Shorenstein Hays. The transaction followed prior disputes with former business partners, including a lawsuit involving the Nederlander organization.
Read at sfist.com
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